The Dow Futures is opening up in negative territory... the more it goes on the closer we are getting closer to my fair value (XJO 4,023 DOW 8,125).
One positive is that TED is starting to turn 386bpts down to 356bpts. Below 250bpts and I think we are starting to see confidence coming back into the market.
For now patience is the virtue, the time to step in will become apparent with time...
